Tag: Daimler Benz

On its face, it would surely be foolish to blame Daimler-Chrysler's extraordinary woes on the very dark history of Daimler-Benz. On its face, the combined company's deep decline is manifestly a function of bad economic judgments. After all, from the very start, the 1998 decision by Germany's Daimler-Benz to merge with Chrysler simply made no financial sense.

On its face, it would surely be foolish to blame Daimler-Chrysler's extraordinary woes on the very dark history of Daimler-Benz. On its face, the combined company's deep decline is manifestly a function of bad economic judgments. After all, from the very start, the 1998 decision by Germany's Daimler-Benz to merge with Chrysler simply made no financial sense.

There can be no justice without memory. In 1998, Chrysler entered into an ambitious merger agreement with Germany's Daimler-Benz. Since that time, its economic well-being has generally and persistently deteriorated. Most recently, Chrysler's woes of falling stock prices and shrinking cash reserves have been aggravated by widening product deficiencies and burgeoning vehicle recalls.